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Print - 2011-04-03
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida that had closed at Rs 1326.50 opened with a gain of 60 at Rs 11327.10. The July contract which closed at Rs 1420.00 opened with a
Published 03 Apr, 2011 12:00am
Small transactions witnessed on cotton market

Small transactions witnessed on cotton market

Some activity was seen on the cotton market on Saturday as needy mills came to meet the urgent needs after the settlement on the tax issues, dealers said. Karachi Cotton Association (KCA) official spot rate was steady at Rs 12,500, they said. In Sindh and
Published 03 Apr, 2011 12:00am
Wheat, gur rates up; gram, Irri-6 Sindh down on grain market

Wheat, gur rates up; gram, Irri-6 Sindh down on grain market

Business was seen restricted on the wholesales grain market on Saturday as buyers are still keeping away from fresh purchasing due to decreasing buying interest, dealers said. On the cereal side wheat old Bardan gained Rs 25 to Rs 2400 and wheat new Barda
Published 03 Apr, 2011 12:00am
Russia's 2011 grain harvest forecast range to 90 million tonnes

Russia's 2011 grain harvest forecast range to 90 million tonnes

The Russian Agriculture Ministry raised the upper end of its 2011 grain harvest forecast range to 90 million tonnes, local news agencies said on Friday, increasing the prospect of a possible resumption in exports. Officials have previously said Russia - t
Published 03 Apr, 2011 12:00am
Activity at Karachi and Qasim port

Activity at Karachi and Qasim port

The Karachi Port handled 121,422 tonnes of cargo including 104,469 tonnes of import cargo, 16,953 tonnes of export cargo and 2,537 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 104,469 tonnes com
Published 03 Apr, 2011 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

Hard red winter wheat basis bids were steady to firmer on Friday in a continued quiet market that saw lacklustre farmer selling. Basis was a dime a bushel firmer in Hutchinson, Kansas, and a penny firmer in Salina, Kansas, but unchanged in several other U
Published 03 Apr, 2011 12:00am
Canadian canola futures ease

Canadian canola futures ease

ICE Canadian canola futures eased on Friday with softer soya futures, but posted their third straight weekly gain. Weaker soya oil futures led to selling of canola in sympathy by commercials and speculators-traders. Nearby May canola notched 1.7 percent w
Published 03 Apr, 2011 12:00am
Indonesia to extend white sugar import license

Indonesia to extend white sugar import license

Indonesia may extend a permit to import white sugar by two weeks to the end of April as some cargoes were likely to be delayed because of bad weather, a trade ministry official said on Friday. The trade ministry has awarded permits to six state firms to i
Published 03 Apr, 2011 12:00am
ADRs gain after Irish banks' stress test

ADRs gain after Irish banks' stress test

Overseas shares traded in the United States rose on Friday, buoyed by financial stocks after Ireland put a 70-billion-euro price on protecting its banks from future shocks, providing relief to investors. Chinese energy companies also added to gains on new
Published 03 Apr, 2011 12:00am
US IPOs tap investor interest in energy, materials

US IPOs tap investor interest in energy, materials

At least three US initial public offerings next week are linked to the energy sector, and more could be in the pipeline. Middle East turmoil is pushing up oil prices, while a nuclear crisis in Japan is adding to the growing demand for alternative energy s
Published 03 Apr, 2011 12:00am
Sri Lankan bourse at three-week highs

Sri Lankan bourse at three-week highs

Sri Lanka's stock market rose to a three-week high on Friday as investors bought large-cap shares with offshore investors buying in for a second straight session. The island's main share index closed 2.09 percent or 151.1 points firmer at 7,377.22, highes
Published 03 Apr, 2011 12:00am
Emerging Markets: Latam stocks at highest level since January

Emerging Markets: Latam stocks at highest level since January

Latin American stocks rose to their highest level since the beginning of January on Friday as better than expected jobs data in the United States helped spur investor appetite for riskier assets. The MSCI Latin American stocks index rose 1.4 percent, exte
Published 03 Apr, 2011 12:00am
TSX ticks up on strong oil

TSX ticks up on strong oil

Toronto's main stock index edged higher on Friday, hitting its strongest level in more than three weeks, as oil prices rose and healthy US jobs data underscored optimism that the economic recovery is gathering steam. US employment grew solidly for a secon
Published 03 Apr, 2011 12:00am
Two-year note yields test 10-month highs

Two-year note yields test 10-month highs

Investors in US Treasuries will be closely watching a European interest rate decision next week as well as looking for further signs of how soon the US central bank may follow in raising rates. After an early sell off on Friday, in the wake of good US emp
Published 03 Apr, 2011 12:00am
Two-year note yields test 10-month highs

Two-year note yields test 10-month highs

Investors in US Treasuries will be closely watching a European interest rate decision next week as well as looking for further signs of how soon the US central bank may follow in raising rates. After an early sell off on Friday, in the wake of good US emp
Published 03 Apr, 2011 12:00am
Japan fund managers' equity weighting at 12-year low

Japan fund managers' equity weighting at 12-year low

Japanese fund managers reduced their global stock weighting to a 12-year low in March, while raising their bond weighting to an all-time high as they lightened risk positions after a devastating earthquake in Japan, a Reuters survey showed. Fund managers
Published 03 Apr, 2011 12:00am
Japan fund managers' equity weighting at 12-year low

Japan fund managers' equity weighting at 12-year low

Japanese fund managers reduced their global stock weighting to a 12-year low in March, while raising their bond weighting to an all-time high as they lightened risk positions after a devastating earthquake in Japan, a Reuters survey showed. Fund managers
Published 03 Apr, 2011 12:00am
NYSE trading one regulatory headache for another

NYSE trading one regulatory headache for another

NYSE Euronext has two marriage proposals on its hands, but both suitors may have trouble passing muster with competition watchdogs. The Deutsche Boerse $10.2 billion deal, already agreed, may have to go through a dramatic overhaul to satisfy European regu
Published 03 Apr, 2011 12:00am
Turkish shares higher

Turkish shares higher

The Turkish lira hit a fresh two-month high on Friday and benchmark bond fell as markets bet soaring fourth-quarter growth made the central bank more likely to lift its policy rate from a record low. Turkey's $735 billion economy notched up growth of 8.9
Published 03 Apr, 2011 12:00am
Wall Street gains on job growth; earnings next hurdle

Wall Street gains on job growth; earnings next hurdle

US stocks started a traditionally healthy month on strong footing on Friday after solid jobs figures, but the S&P 500 may need help to break to new multi-year highs. The S&P hovered near 1,333, a significant level as it represents double the 12-year low h
Published 03 Apr, 2011 12:00am
Speculators trim dollar net shorts, yen longs

Speculators trim dollar net shorts, yen longs

Currency speculators pared bets against the US dollar and trimmed long positions in the Japanese yen in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position fell to $27.77 billi
Published 03 Apr, 2011 12:00am
Canadian dollar hits fresh three-year highs

Canadian dollar hits fresh three-year highs

Canada's dollar charted fresh three-year highs against the US currency on Friday, braced by soaring oil prices and a robust US jobs report that underpinned hopes of a definitive economic recovery. The currency touched its highest level since November 2007
Published 03 Apr, 2011 12:00am
African currency outlook

African currency outlook

Nigeria's naira is likely to remain under pressure in the final run-in to presidential elections, while Kenya's shilling should gain on the back of rising inflation and central bank policy tightening.
Published 03 Apr, 2011 12:00am
Euribor rates boosted by rising ECB expectations

Euribor rates boosted by rising ECB expectations

Key euro-priced bank-to-bank lending rates hit new 21-month highs on Friday, boosted by rising expectations the European Central Bank will raise interest rates next week. Recent ECB policymaker comments have cemented expectations the bank will raise rates
Published 03 Apr, 2011 12:00am
Dollar may struggle as ECB, Fed policies diverge

Dollar may struggle as ECB, Fed policies diverge

The addition of more than 200,000 US jobs wasn't enough to boost the dollar against the euro on Friday, and the greenback may have more losses in store as markets brace for a euro zone interest rate hike next week. The employment report, which also showed
Published 03 Apr, 2011 12:00am
Half China's dairies shut in safety audit: government

Half China's dairies shut in safety audit: government

Nearly half of Chinese dairies inspected in a government safety audit have been ordered to stop production, a spokesman said on Saturday. The move follows the 2008 baby milk health scandal, in which Chinese authorities said at least six babies died and an
Published 03 Apr, 2011 12:00am
General Motor's China auto sales up 10 percent

General Motor's China auto sales up 10 percent

General Motors said on Saturday it sold 685,583 vehicles in China in the first quarter, up 10 percent from a year earlier. Sales came to 233,014 units in March, the automaker said in a statement. That represents a 1.3 percent climb from a year earlier.
Published 03 Apr, 2011 12:00am
Goldman CEO awarded $14.12 million compensation for 2010

Goldman CEO awarded $14.12 million compensation for 2010

Goldman Sachs Inc awarded Chairman and Chief Executive Lloyd Blankfein a $5.4 million bonus for 2010, despite a decline in the company's share price and profit. In a proxy filing with the Securities and Exchange Commission late Friday afternoon, the Wall
Published 03 Apr, 2011 12:00am
Libya names new central bank governor

Libya names new central bank governor

Libya appointed a new central bank governor on Saturday, the official Jana news agency reported. Mohammed al Zarroug Rajab was sworn in as the governor of the Libyan Central Bank, Jana said, adding his appointment would take effect immediately and his ter
Published 03 Apr, 2011 12:00am
Iran plans to take three zeros off currency

Iran plans to take three zeros off currency

Iran aims to slice three zeros off the end of its currency which has weakened steadily over many years despite a policy to keep it loosely pegged to the dollar, the official news agency IRNA reported on Saturday. IRNA quoted the economy minister as saying
Published 03 Apr, 2011 12:00am
Cleaner energy will help job creation, says Obama

Cleaner energy will help job creation, says Obama

US President Barack Obama said Saturday that a transition to cleaner energy will help create more American jobs as he promoted his new initiative designed to reduce US energy imports by a third. Shifting toward a clean energy economy "will ensure that the
Published 03 Apr, 2011 12:00am
Ericsson to sue China's ZTE over patent breaches

Ericsson to sue China's ZTE over patent breaches

Mobile equipment giant Ericcson will sue state-owned Chinese telecom firm ZTE after accusing it of infringing its patents, the Financial Times reported. Ericcson has filed lawsuits against ZTE in the United Kingdom, Italy and Germany, saying the Chinese c
Published 03 Apr, 2011 12:00am
Saudi Telecom submits Syria mobile licence offer

Saudi Telecom submits Syria mobile licence offer

State-run Saudi Telecom has submitted an offer for a mobile licence in Syria, the company said on Saturday, one of the few countries in the region with low mobile penetration and promising growth chances. STC is one of five firms to qualify for the Syria
Published 03 Apr, 2011 12:00am
Europe rescue fund says ready to help Portugal

Europe rescue fund says ready to help Portugal

The European Financial Stability Facility (EFSF) rescue fund is ready to help Portugal if needed, Klaus Regling, the fund's president told La Tribune in an interview published online on Saturday. Portugal, whose prime minister resigned after failing to ge
Published 03 Apr, 2011 12:00am
Europe rescue fund says ready to help Portugal

Europe rescue fund says ready to help Portugal

The European Financial Stability Facility (EFSF) rescue fund is ready to help Portugal if needed, Klaus Regling, the fund's president told La Tribune in an interview published online on Saturday. Portugal, whose prime minister resigned after failing to ge
Published 03 Apr, 2011 12:00am
S&P downgrades Japan's TEPCO

S&P downgrades Japan's TEPCO

Standard & Poor's downgraded the long-term rating on Tokyo Electric Power Co (TEPCO), operator of a nuclear plant at the centre of the world's worst atomic crisis for 25 years, to 'BBB+' from 'A+.' The agency also lowered the short-term rating to 'A-2' fr
Published 03 Apr, 2011 12:00am
Bangladesh adopts $8 billion plan for food security

Bangladesh adopts $8 billion plan for food security

Bangladesh has adopted a nearly $8.0 billion plan to ensure food security over the next five years, Food and Disaster Management Minister Muhammad Abdur Razzaque said on Saturday. "We have finalised the investment plan for our food security until 2015 and
Published 03 Apr, 2011 12:00am
Former minister, firms charged in huge India graft case

Former minister, firms charged in huge India graft case

Indian police charged three telecoms firms, a former minister and several executives with a range of crimes on Saturday in a multi-billion dollar licensing scandal, potentially the biggest graft case in Indian history.
Published 03 Apr, 2011 12:00am
Sri Lanka raises fuel prices by 7.5 percent

Sri Lanka raises fuel prices by 7.5 percent

Sri Lanka raised fuel prices Saturday by up to 7.5 percent in a bid to offset higher crude oil import costs, the government said. Gasoline prices increased by 10 rupees to 143 rupees (1.3 dollars) a litre while diesel, which is widely used by public trans
Published 03 Apr, 2011 12:00am
Former TBW executive pleads guilty to mortgage fraud

Former TBW executive pleads guilty to mortgage fraud

The former chief executive officer of bankrupt Taylor, Bean & Whitaker Mortgage Corp pleaded guilty on Friday to his role in a $1.5 billion fraud scheme that contributed to the company's collapse. The US Justice Department said Paul Allen, who joined TBW
Published 03 Apr, 2011 12:00am
Former TBW executive pleads guilty to mortgage fraud

Former TBW executive pleads guilty to mortgage fraud

The former chief executive officer of bankrupt Taylor, Bean & Whitaker Mortgage Corp pleaded guilty on Friday to his role in a $1.5 billion fraud scheme that contributed to the company's collapse. The US Justice Department said Paul Allen, who joined TBW
Published 03 Apr, 2011 12:00am
IMF denies pressing Greece to restructure debt

IMF denies pressing Greece to restructure debt

The International Monetary Fund on Saturday denied a report in German magazine Der Spiegel that it was privately pressing Greece to restructure its debt. "As we have said consistently, the IMF supports the Greek government's position of no debt restructur
Published 03 Apr, 2011 12:00am
Four miners buried in Philippine landslide

Four miners buried in Philippine landslide

At least four small-scale miners were buried alive in a landslide in the southern Philippines, military and government spokesmen said on Saturday. Two other miners who were also buried in the landslide were pulled out but rescue teams still have not dug o
Published 03 Apr, 2011 12:00am
Russia in dramatic farewell to Soviet film queen

Russia in dramatic farewell to Soviet film queen

Thousands of Russians on Saturday queued to pay a final farewell to the grande dame of Soviet cinema whose death this week robbed millions of one of their best-loved links to the past. Lyudmila Gurchenko, who died on Wednesday aged 75, starred in a sequen
Published 03 Apr, 2011 12:00am
Spain's Prime Minister, facing economic woes, won't run for re-election

Spain's Prime Minister, facing economic woes, won't run for re-election

Spanish Prime Minister Jose Luis Rodriguez Zapatero, plunging in popularity as he fights an economic crisis, announced Saturday he will not seek a third term in 2012 elections. "I will not be a candidate in the next general elections," he said in a televi
Published 03 Apr, 2011 12:00am
Nigerian vote aborted after ballot paper chaos

Nigerian vote aborted after ballot paper chaos

Nigeria postponed parliamentary elections until Monday after voting materials failed to arrive in many areas, a major blow to hopes of a break with a history of chaotic polls in Africa's most populous nation. Voters had trooped early to polling stations a
Published 03 Apr, 2011 12:00am
Gunmen hold 16 in southern Philippines

Gunmen hold 16 in southern Philippines

Gunmen kidnapped 16 people, including two children, from a school graduation in the southern Philippines to seek the release of fellow tribesmen jailed for a mass hostage-taking in late 2009, police said on Saturday. The 16 were taken on Friday afternoon
Published 03 Apr, 2011 12:00am
LA mayor to pay fine for accepting free tickets

LA mayor to pay fine for accepting free tickets

Los Angeles mayor Antonio Villaraigosa said Friday he has agreed to pay $42,000 in fines for accepting free tickets to events, including the Oscars and LA Lakers basketball games. Villaraigosa has defended accepting tickets from people who do business wit
Published 03 Apr, 2011 12:00am
Six dead in attack on security post west of Baghdad

Six dead in attack on security post west of Baghdad

Six members of the Iraqi security forces were killed just before dawn on Saturday when their control post in the village of Kubisa, 200 kilometres (125 miles) west of Baghdad, was attacked by armed raiders, a police spokesman said. The men - three soldier
Published 03 Apr, 2011 12:00am
Al Qaeda claims responsibility for Tikrit attack

Al Qaeda claims responsibility for Tikrit attack

Al Qaeda's Iraqi affiliate on Saturday claimed responsibility for a siege at a provincial council headquarters in Saddam Hussein's hometown in which 58 people were killed. Tuesday's attack in Tikrit, a former stronghold of al Qaeda, was the deadliest in I
Published 03 Apr, 2011 12:00am
Azarenka beats Sharapova to win Miami title

Azarenka beats Sharapova to win Miami title

Victoria Azarenka of Belarus defeated an error-plagued Russian Maria Sharapova 6-1 6-4 on Saturday to win the Sony Ericsson Open for the second time in three years. Azarenka's victory, her sixth career title, will lift her to sixth in the world rankings n
Published 03 Apr, 2011 12:00am
Real suffer shock 1-0 defeat at home to Gijon

Real suffer shock 1-0 defeat at home to Gijon

Real Madrid's bid to end Barcelona's two-year reign as Spanish champions suffered a major setback when their injury-hit side slumped to a shock 1-0 defeat at home to Sporting Gijon in La Liga on Saturday.
Published 03 Apr, 2011 12:00am
Muralitharan retires with phenomenal records

Muralitharan retires with phenomenal records

Muttiah Muralitharan embodied the magic and mystery of Sri Lankan cricket with his prodigious powers of spin which took him to heights unlikely to ever be exceeded. Muralitharan, who retired from all international cricket on Saturday at the age of 38, pro
Published 03 Apr, 2011 12:00am
Customs officers impound 'World Cup trophy'

Customs officers impound 'World Cup trophy'

Customs officers at Mumbai airport confiscated what they thought was the cricket World Cup trophy in a dispute over unpaid duty, India media reported on Saturday. An official from the sport's governing body the International Cricket Council (ICC) arrived
Published 03 Apr, 2011 12:00am
English Premier League: Rooney hat-trick inspires Man United comeback

English Premier League: Rooney hat-trick inspires Man United comeback

A quickfire Wayne Rooney hat-trick rescued Manchester United on Saturday as they stormed seven points clear at the top of the Premier League after coming from two goals down to beat West Ham United 4-2. Their march towards a record 19th top-flight title w
Published 03 Apr, 2011 12:00am
Female boxer gunned down before world title fight

Female boxer gunned down before world title fight

Germany's female world lightweight boxing champion Rola El-Halabi was recovering in hospital on Saturday after being gunned down before a title fight. The 25-year-old, born in Lebanon, but raised in Ulm, Germany, was preparing for a WIBF title fight again
Published 03 Apr, 2011 12:00am
World Cup winners

World Cup winners

World Cup winners after India beat Sri Lanka by six wickets to win the 2011 title on Saturday:
Published 03 Apr, 2011 12:00am
India deserved to win, says Sangakkara

India deserved to win, says Sangakkara

Sri Lanka captain Kumar Sangakkara said his team were disappointed at missing out on a second World Cup title but proud to go down to a team that deserved victory more. "I am very proud of everyone in the team, especially Mahela (Jayawardene) who rose up
Published 03 Apr, 2011 12:00am
My proudest moment, says world beater Tendulkar

My proudest moment, says world beater Tendulkar

Sachin Tendulkar said Saturday's World Cup triumph was the proudest moment of his life as India beat Sri Lanka by six wickets to capture the "ultimate" prize after a gap of 28 years. "I couldn't have asked for more," said Tendulkar, as his teammates carri
Published 03 Apr, 2011 12:00am
Malicious attack hits a million Web pages

Malicious attack hits a million Web pages

More than one million website pages have been hit by a sophisticated hacking attack that injects code into sites that redirect users to a fraudulent software sales operation. The so-called "mass-injection" attack, which experts say is the largest of its k
Published 03 Apr, 2011 12:00am
US embassy convoy stoned in southern Lebanon

US embassy convoy stoned in southern Lebanon

A US embassy convoy in Lebanon was stoned on Saturday in the southern port city of Sidon by a group of unknown assailants, the embassy in the capital Beirut confirmed. The group threw stones at the convoy while it was touring a touristic area of Sidon, th
Published 03 Apr, 2011 12:00am
UAE forces move to free pirate-held vessel

UAE forces move to free pirate-held vessel

Counter-terrorism forces from the United Arab Emirates on Saturday began an operation to free an Abu Dhabi-owned ship seized by pirates, WAM state news agency said, quoting a military official. The special forces have moved to "take control of the MV Arri
Published 03 Apr, 2011 12:00am
Saudi Arabia says 5,080 convicted of terrorism crimes

Saudi Arabia says 5,080 convicted of terrorism crimes

A total of 5,080 people have been convicted of terrorism crimes in Saudi Arabia, where al Qaeda launched a campaign in 2003 to overthrow the Western-allied monarchy, state media reported on Saturday. The reports did not give a time frame for the convictio
Published 03 Apr, 2011 12:00am
Coalition air strike hits Libya rebels, 13 dead

Coalition air strike hits Libya rebels, 13 dead

A Nato-led air strike killed 13 Libyan rebels in a "regrettable incident", a rebel spokesman said on Saturday, in an increasingly chaotic battle with Muammar Qadhafi's forces over the oil town of Brega. Despite the deaths on Friday night, the rebel leader
Published 03 Apr, 2011 12:00am
Fighting rages in Ivory Coast, 800 dead in west

Fighting rages in Ivory Coast, 800 dead in west

Soldiers backing Alassane Ouattara met stiff resistance from incumbent Laurent Gbagbo's fighters in Ivory Coast's main city of Abidjan on Saturday as the two sides fought for control of the West African country. There was fighting around the Presidential
Published 03 Apr, 2011 12:00am
Turkey's Prime Minister says will prod Syria's Assad on reforms

Turkey's Prime Minister says will prod Syria's Assad on reforms

Turkey's Prime Minister Tayyip Erdogan said he would press Syria's President Bashar al-Assad to defuse unrest by making reforms sought by the Syrian people when he speaks to him on Monday, newspapers reported on Saturday.
Published 03 Apr, 2011 12:00am
Yemen's Saleh again signals he's staying put

Yemen's Saleh again signals he's staying put

Embattled Yemeni President Ali Abdullah Saleh thanked thousands of supporters gathered near the presidential palace on Saturday for backing the constitution in a further sign he has no immediate plans to step down.
Published 03 Apr, 2011 12:00am
Medvedev orders Putin to start state board purge by July 1

Medvedev orders Putin to start state board purge by July 1

Russian President Dmitry Medvedev gave Prime Minister Vladimir Putin a July 1 deadline on Saturday to "initiate" the removal of top ministers from state company boards, including powerful Putin deputy Igor Sechin.
Published 03 Apr, 2011 12:00am
Police break up opposition rally in Azerbaijan

Police break up opposition rally in Azerbaijan

Azeri police arrested dozens of opposition activists who tried to stage a protest rally in the centre of the oil-producing Muslim country's capital Baku on Saturday. Riot police seized protesters and pushed them into buses near Fountains Square in Baku, w
Published 03 Apr, 2011 12:00am
Facebook sued for $1 billion over Intifada page

Facebook sued for $1 billion over Intifada page

Facebook and co-founder Mark Zuckerberg have been hit with a lawsuit seeking more than $1 billion in damages over a page on the social network which called for a "Third Intifada" against Israel. Facebook this week shut down the "Third Intifada" page, whic
Published 03 Apr, 2011 12:00am
Israeli air strike kills three in Gaza

Israeli air strike kills three in Gaza

Israeli aircraft killed three Palestinian gunmen in the southern Gaza Strip on Saturday, medical officials and the Israeli army said. Residents said the planes fired on a car in which the three men were travelling near the town of Khan Younis. An Israeli
Published 03 Apr, 2011 12:00am
Israel urges UN to cancel Gaza war crimes report

Israel urges UN to cancel Gaza war crimes report

Israel on Saturday called on the UN to cancel a report which said it had committed war crimes during its December 2008-January 2009 Gaza offensive, after its author said he may have been wrong. South African jurist Richard Goldstone chaired a fact finding
Published 03 Apr, 2011 12:00am
Dubai-Abu Dhabi highway pile-up; one killed

Dubai-Abu Dhabi highway pile-up; one killed

One person was killed and 61 injured after 127 vehicles piled up Saturday on the main highway between Dubai and Abu Dhabi because of heavy fog, police said. More than 200 ambulances and civil defence vehicles teamed up with the United Arab Emirates Armed
Published 03 Apr, 2011 12:00am
Dubai-Abu Dhabi highway pile-up; one killed

Dubai-Abu Dhabi highway pile-up; one killed

One person was killed and 61 injured after 127 vehicles piled up Saturday on the main highway between Dubai and Abu Dhabi because of heavy fog, police said. More than 200 ambulances and civil defence vehicles teamed up with the United Arab Emirates Armed
Published 03 Apr, 2011 12:00am
Thousands demonstrate in Germany over nuclear power

Thousands demonstrate in Germany over nuclear power

More than 10,000 people demonstrated across Germany on Saturday against the continued use of nuclear power, in the wake of Japan's ongoing nuclear emergency. Police counted more than 6,000 demonstrators in the city of Bremen, as well as 3,000 in Essen, wh
Published 03 Apr, 2011 12:00am
10 die in Afghan protest against burning of Holy Quran

10 die in Afghan protest against burning of Holy Quran

Ten people died on Saturday in new protests against burning of a Holy Quran in the US, a day after seven UN staff were killed by a mob in the worst attack on the world body in Afghanistan since the 2001 invasion. The fresh protests began in the centre of
Published 03 Apr, 2011 12:00am
GCU to start plantation drive from April 4

GCU to start plantation drive from April 4

Government College University Lahore Botany Department is going to plant a record number of trees, as many as 11,000, at the university's 400-acre Kala Shah Kaku (KSK) Campus during its three day special plantation drive to be kicked off tomorrow (Monday)
Published 03 Apr, 2011 12:00am
Dawood Public School organises blood donation camp

Dawood Public School organises blood donation camp

Dawood Public School in collaboration with Fatimid Blood Bank Saturday organised a blood donation camp and highlighted advantages of the donation. The students participated devotedly and encouraged their fellows to take part in the drive. Parents and teac
Published 03 Apr, 2011 12:00am
Educational sector to remain closed in Sindh on April 4

Educational sector to remain closed in Sindh on April 4

The public and private educational institutions in Sindh will remain closed on April 4 on account of 32nd death anniversary of Shaheed Zulfikar Ali Bhutto. This was announced by the Education and Literacy Department, Government of Sindh, here on Saturday.
Published 03 Apr, 2011 12:00am
Medical science: health experts urged to get familiar with latest trends

Medical science: health experts urged to get familiar with latest trends

Speakers here at the 12th biennial convention of Pakistan Islamic Medical Association (Pima) urged health experts to be familiar with the latest tends in medical science to give comfort to the ailing humanity by soothing their miseries in a professional m
Published 03 Apr, 2011 12:00am
Malik Saad Trust to establish 50 more sports academies

Malik Saad Trust to establish 50 more sports academies

Malik Saad (Shaheed) Memorial Sports Trust has approved proposal for establishment of 50 more sports academies besides entities making the 42 existing entities more efficient and extension of its services to FATA as well.
Published 03 Apr, 2011 12:00am
SCCI demands withdrawal of POL price hike

SCCI demands withdrawal of POL price hike

President, Sialkot Chamber of Commerce and Industry (SCCI), Ghulam Mustafa Chaudhry has strongly criticised the OGRA's decision of increasing petroleum prices by 9 to 13 percent and stressed that the price increase must be withdrawn immediately.
Published 03 Apr, 2011 12:00am
Transport fares up in Multan

Transport fares up in Multan

In the wake of hike in petroleum prices, transporters have increased fares at inter-city routes across the country by 15 percent. This 15 percent rise will also be applicable to goods transportation. The fare for Muzaffargarh has been increased to rupees
Published 03 Apr, 2011 12:00am
Senior doctors still performing duties

Senior doctors still performing duties

Despite strike of young doctors in teaching hospitals, senior doctors performed duties in outdoor and emergency ward of hospitals and provided medical treatment to 5,583 patients in emergency and 7,770 in outdoor. Administration of hospitals denied the ne
Published 03 Apr, 2011 12:00am
Cash price to cricket team: application filed to restrain Shahbaz

Cash price to cricket team: application filed to restrain Shahbaz

An application against Chief Minister Punjab Shahbaz Sharif has been filed praying to restrain him from giving cash prize to members Pakistan Cricket Team and arranging a party in their honour. The petitioner Muhammad Iftikhar Hussain Rajput, submitted th
Published 03 Apr, 2011 12:00am
Three killed in bus-bike collision

Three killed in bus-bike collision

Three young men, including a local journalist, were killed in a head-on collision between a motorcycle and a bus in a nearby village on Saturday. According to police, journalist Muhammad Latif Rehmani and two others- Imtiaz Ahmed and Salman Ansari were on
Published 03 Apr, 2011 12:00am
Capital police arrest 90 outlaws

Capital police arrest 90 outlaws

Islamabad Police have arrested over 90 outlaws involved in different crimes, besides 207 suspected persons and recovered seven cars, two Kalashnikov assault rifles, one gun (12-bore) 25 pistols (30-bore) and huge number of bullets from the detained outlaw
Published 03 Apr, 2011 12:00am
Soyabean falls

Soyabean falls

Soyabean futures fell at the Chicago Board of Trade on Friday amid talk that China may have cancelled some supply purchases it made on the export market, trader said. Wheat futures also fell, pressured by profit-taking following strong gains on Thursday.
Published 03 Apr, 2011 12:00am
Copper ends down

Copper ends down

Copper ended lower on Friday, building upon the 2.4-percent loss recorded in the first quarter, as a lull in Chinese buying and a rising trend in inventories continued to reflect near-term demand weakness. Copper's losses at the start of the new quarter b
Published 03 Apr, 2011 12:00am
US gold slips

US gold slips

Gold slipped on Friday as an encouraging US jobs report boosted the dollar, though eurozone debt worries and unrest in the Middle East lifted bullion off lows. Positive nonfarm payrolls and manufacturing data confirmed a strengthening US economy, but econ
Published 03 Apr, 2011 12:00am
Uganda's sugar producers to invest $195 million

Uganda's sugar producers to invest $195 million

Uganda's three main raw sugar producers are planning to invest $195 million over the next two years to expand cane processing and power generation capacity at their plants, an industry report showed. East Africa's third-largest economy produced 350,000 to
Published 03 Apr, 2011 12:00am
Vietnamese rice prices extend gains

Vietnamese rice prices extend gains

Vietnamese rice prices rose further on Wednesday on loading demand from major buyers but Thai prices kept falling on thin demand as buyers switched to cheaper rice from Vietnam, traders said. Export quotations for 5 percent broken rice increased to $455-$
Published 03 Apr, 2011 12:00am
Brazil sugar output seen at 34.6 million tonnes

Brazil sugar output seen at 34.6 million tonnes

Sugar output in Brazil's main center-south cane producing region is expected to reach a record 34.6 million tonnes in 2011/12 (April/March), up from 33.5 million tonnes this season, the Sugar Cane Industry Association (Unica) said Thursday.
Published 03 Apr, 2011 12:00am
Japan's soyameal demand buoys India

Japan's soyameal demand buoys India

Japan imported about 60,000 tonnes soymeal from India this week, indicating a revival in demand after the twin disasters of an earthquake and tsunami, but import enquiries waned from major Asian wheat importers who have stocked up on the grain.There had b
Published 03 Apr, 2011 12:00am
China to buy, stockpile cotton to help farmers

China to buy, stockpile cotton to help farmers

China's government will begin a cotton purchase and reserve policy this year, its first such mechanism aimed at stabilising production, a top economic planning body said on Wednesday. The policy was launched just as Chinese cotton farmers start planting t
Published 03 Apr, 2011 12:00am
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